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Protection

L&G cuts whole of life rates

16:27 | 21 Jul 2008 | By Iain Martin

Legal & General has cut the premiums on its whole of life cover by on average 6%. 

ABI comes under fire for standing by PPI

09:30 | 17 Jul 2008 | By Iain Martin

Advisers and brokers at the recent Protection Review conference criticised the Association of British Insurers for defending payment protection insurance, saying it reflected years of inaction on improving the niche sector’s offerings.

Insurers ‘hampered by outdated views of the over-50s’

00:01 | 17 Jul 2008 | By Iain Martin

Insurers are missing out on a huge and growing generation of aging but active Sean Connerys by sticking to traditional protection for One Foot in the Grave’s Victor Meldrews, said Ian Owen of the Partnership.

L&G's protection tool lets it peer into adviser databases

17:38 | 16 Jul 2008 | By Iain Martin

Legal & General has a new protection tool that will help it find advisers struggling to sell protection by charting how many policies they sell.

Wesleyan hires RBS man to boost general insurance

13:11 | 16 Jul 2008 | By Iain Martin

Wesleyan Assurance Society has hired Andrew D’Arcy, a Royal Bank of Scotland director, to spearhead the expansion of its general insurance business. 

AXA beefs up website to help advisers sell protection

17:10 | 14 Jul 2008 | By Iain Martin

Axa has added advice to its website on how to sell life and critical illness cover because many advisers have forgotten how, says its protection marketing director.

Bright Grey beefs up personal protection

17:37 | 09 Jul 2008 | By Iain Martin

Bright Grey will double the maximum amount of critical illness cover it offers to £1 million as part of a drive to beef up its personal protection business. 

Fortis enters UK protection market with LifeSearch

11:19 | 07 Jul 2008 | By Iain Martin

Fortis hopes to break into the protection market with a ‘one stop shop’ plan designed by LifeSearch. 

NU raises critical illness payments 4.7% to £107m

17:33 | 01 Jul 2008 | By Iain Martin

Norwich Union increased payouts for claims on its critical illness policies to £107 million last year from about £90 million in 2006, the Aviva-owned insurer has reported.

‘Banning bias against elderly will lift insurance cost for all’

15:28 | 30 Jun 2008 | By Iain Martin

The government’s draft Equalities Bill has outraged advisers and insurers who say it will result in higher protection premiums

Insurers will pull products if age discrimination bill passed, warns ABI

13:27 | 26 Jun 2008 | By Chris Marshall

The bill could push up insurance prices for all age groups, as companies would be forced to withdraw products, the Association of British Insurers warns.

Unum gives lowdown on its one-shot underwriting

00:01 | 25 Jun 2008 | By Iain Martin

Understanding how high-net-worth clients think is the key to providing 'once-and-done' underwriting says protection provider Unum.

FSA to provide help on sourcing competitive loan insurance

15:05 | 23 Jun 2008 | By Chris Marshall

The City regulator has come to the rescue of people looking to avoid rip-off payment protection insurance with the launch of impartial comparison tables.

ABI extends moratorium on use of genetics in insurance until 2014

15:39 | 13 Jun 2008 | By Iain Martin

Insurers and the government have extended the ban on the use of predictive genetic testing in insurance until 2014. 

Royal London merges international life arms

11:26 | 11 Jun 2008 | By Edward Lander

Scottish Provident International Life Assurance brought under Scottish Life banner after acquisition completes.

Ban on lenders selling PPI could destroy the market, warns ABI

14:06 | 05 Jun 2008 | By Iain Martin

(Update) The Association of British Insurers fears a proposal by competition commissioner Peter Davies to prevent lenders selling payment protection insurance could 'destroy' the PPI market. Consumer groups are pleased, however.

Royal London completes Scot Prov Intl transfer

00:01 | 04 Jun 2008 | By Edward Lander

Royal London has completed its takeover of Scottish Provident International Life Assurance as part of Pearl's acquisition of Resolution.

LV= launches new income protection plan

16:47 | 28 May 2008 | By Iain Martin

LV= says the longer term of its new policy is a key distinction from other mortgage payment protection plans which are often limited to one or two years.

Friends Provident launches new protection service

11:01 | 13 May 2008 | By Chris Marshall

The life and pensions provider is launching an alert service to help advisers keep track of protection cases.

Friends Provident rejected critical illness claims down by a third

09:32 | 08 May 2008 | By Iain Martin

Friends Provident has cut the number of critical illness claims it rejects for non-disclosure by a third after changing its rules. 

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